Question
Needing some help, thanks! Jose has the following financial information. $54,000 - Annual salary $235,000 - House value $25,000 - Ford Mustang GT value $6,300
Needing some help, thanks!
Jose has the following financial information.
$54,000 - Annual salary
$235,000 - House value
$25,000 - Ford Mustang GT value
$6,300 - Liquid assets
$56,000 - Value of Investment assets
$15,000 - Annual mortgage PITI
$5,100 - Annual auto payment
$3,600 - Annual college loan payment
$1.200 - Credit card balances
12,000 - Annual payroll taxes (Social Security & Fed Income)
14,500 - Other annual expenses
$14,000 - Mustang loan balance
$190,000 - Mortgage balance
$25,000 - College loan balance
Using the above information, what is Jose's liquidity ratio?
630% 283% 150% 13%
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